Nestlé's financial statements are presented in Appendix B. Financial statements of Petra Foods are presented in Appendix

Question:

Nestlé's are presented in Appendix B. of Petra Foods are presented in Appendix C.
Instructions
(a) Based on the information contained in these compute the following ratios for each company for the most recent year shown.
(1) Inventory turnover. (Round to one decimal.)
(2) Days in inventory. (Round to nearest day.)
(b) What conclusions concerning the management of the inventory can you draw from these data?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...